Indian equity indices fell on Monday on profit after a three-day rally.
Foreign institutional investors (FIIs) sold valuable shares of Indian companies ₹11,507.05 crore and bought shares for ₹11,473.54 crore, resulting in an outflow of ₹33.51 crore, according to NSE data.
Domestic institutional investors (DIIs) have been buying equity securities ₹9,657.75 crore worth and downloaded shares ₹9,243.87 crore, resulting in an inflow of ₹413.88 crore, the exchange data showed.
On Friday, the FIIs bought value stocks ₹9,239.42 crores.
The BSE 30-share Sensex declined 168.66 points, or 0.24%, to end at 71,315.09. During the intraday, it fell 341.46 points, or 0.47%, to 71,142.29.
The NSE Nifty lost 38 points, or 0.18%, to 21,418.65.
Vinod Nair, head of research at Geojit Financial Services, said: “The market started on a jittery note as concerns over oil supply disruptions across the Red Sea and high valuations dented investor sentiment. On the global front, attention will be directed towards BOJ- monetary policy and UK inflation data. We expect a near-term consolidation in the market due to adverse risk-reward following the recent bull run, concerns about El Nino and slowing global GDP.”
In the broader market, the BSE small-cap index climbed 0.48% and the mid-cap index gained 0.28%.
Among the sectoral indices, real estate fell by 0.98%, financial services fell by 0.32%, FMCG by 0.28%, IT by 0.27%, technology by 0.26% and oil and gas by 0.16%.
The services index jumped by 1.50%, telecommunications by 0.81%, capital goods by 0.75% and consumer durables by 0.60%.
The Indian rupee pared its early gains to close lower against the US dollar on Monday.
The rupee ended at 83.0600 against the US dollar, against 83.0000 at its previous close.
At the interbank foreign exchange market, the local unit opened strongly at 82.97 against the greenback and traded in a range of 82.90-83.06.
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Published: 18 Dec 2023, 19:31 IST